DEFINED CONTRIBUTION

Leveraging the depth and breadth of our unique multi-affiliate model, coupled with insights into participant behavior and appropriate plan design, we equip many of the world’s leading plan sponsors with the tools they need to help individuals become retirement ready by meeting their liabilities and managing key risks. 

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For more information contact:
Josh Cohen
Managing Director
Head of Institutional Defined Contribution
josh.cohen@pgim.com

 

WHAT MAKES US UNIQUE

 

Among Top Global DC Asset Managers

Top 10 recognized global asset manager for defined contribution plans1

 

Robust DC Client Base

135+ third party clients with more than $1 billion in DC AUM2

 

Breadth of DC Investment Capabilities

  • 60+ strategies managed for DC clients across global public and private asset classes and multiple vehicles3
  • #1 manager of stable value assets1
  • #1 provider of in-plan guaranteed lifetime income4

     

 

Significant Retirement Focus

  • 50% of Prudential Financial, Inc.'s (PFI) domestic revenue is retirement 
  • 3rd largest manager of DB assets1 
  • 9th largest DC record keeper5 

 

CLIENT-FOCUSED AREAS OF EXPERTISE 

 

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Plan Design

  • Retirement readiness objectives 
  • Optimization of auto-features, re-enrollment, and employer match 
  • Financial wellness

Investment Menu

  • QDIA solutions 
  • Streamlining of core menu 
  • Alternative asset class inclusion 
  • Real assets 
  • Institutional vehicles & share classes 
  • Retirement income solutions 

Portfolio Construction

  • White label/multi-manager construction 
  • Glide slope risk analysis 
  • Factor risk analysis 
  • Environments for active management 

Regulatory Environment

  • Legislative & regulatory changes 
  • Class action litigation 
  • Tax policy

THOUGHT LEADERSHIP

 

Defined Contribution Investments on Trial: In Defense of an Institutional Approach

In the Defined Contribution space, there is significant debate as it relates to the appropriate investment approach to help participants build and manage retirement savings. Here, we make a case for why adopting an institutional approach in investment design is crucial for improving retirement outcomes for participants.

 Read the white paper

Five Areas of Focus for Defined Contribution Plans

In this paper, Josh Cohen, head of Institutional Defined Contribution at PGIM, looks at the five key areas plan sponsors and their advisors should focus on to help plan participants meet their retirement liabilities and manage key risks.

 Read the white paper

Transcript

DEFINED CONTRIBUTION ASSETS UNDER MANAGEMENT 

$168 BILLION

DEFINED CONTRIBUTION AUM

 $88 Billion AUM 

Public Fixed Income 

$46 Billion AUM

Fundamental Equity and Fixed Income

 $26 Billion AUM 

US Mutual Fund
Distribution and Research 

 $12 Billion AUM 

Real Estate Debt 

$11 Billion AUM

Quantitative Equity and
Global Multi-Asset Solutions 

 $6 Billion AUM 

Private Placement and Mezzanine Debt 

 $4 Billion AUM 

Real Estate Equity 

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VIEW MORE INSIGHTS

All data unless otherwise noted is as of March 31, 2019.

  1. Pensions & Investments’ Top Money Managers List, May 2018, data as of Dec. 31, 2017; based on Prudential Financial total worldwide institutional assets under management.
  2. Based on PGIM client list as of March 31, 2019, compared to Pensions & Investments' Top U.S. Plan Sponsors list as of Sept. 30, 2018. 
  3. As of March 31, 2019.
  4. Estimated market share using market size as reported by LIMRA, 2017 In-Plan Guarantee Availability and Election Tracking Survey, May 2018. 
  5. Plan Sponsor's 2018 DC Record-keeping survey, June 2018, data as of December 31, 2017.